42 Millgate Cres
Bayview Village, North York, M2K 1L6
FOR SALE
$2,288,000
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2 + 2
BEDROOMS4
BATHROOMS1 + 1
KITCHENS8 + 5
ROOMSC8270982
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Property Description
Great Location! This rarely listed bungalow is situated in the heart of the prestigious Bayview Village, surrounded by million-dollar homes. Hardwood floors extend throughout the main floor, with a finished walk-out basement featuring two bedrooms. The property boasts numerous options and upgrades, including recent renovations and conversion from a three-bedroom to a two-bedroom layout.This flexibility allows for the potential rental of both the main floor and basement separately, or the opportunity to build your dream home. The area is renowned for its excellent schools, including Elkhorn Public School, Bayview Middle School, and Earl Haig Secondary School. Convenient access to the 401/DVP highways, as well as proximity to TTC transportation, schools, shopping centers, parks,and more, make this an ideal location for discerning buyers.
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
47' x 150'
Fronting
North
Taxes
$10,200 (2023)
Basement
Finished, W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Attached
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North York Market Statistics
North York Price Trend
42 Millgate Cres is a 2-bedroom 4-bathroom home listed for sale at $2,288,000, which is $1,151,793 (101.4%) higher than the average sold price of $1,136,207 in the last 30 days (April 6 - May 5). During the last 30 days the average sold price for a 2 bedroom home in North York increased by $47,602 (4.4%) compared to the previous 30 day period (March 7 - April 5) and down $103,411 (8.3%) from the same time one year ago.Inventory Change
There were 237 2-bedroom homes listed in North York over the last 30 days (April 6 - May 5), which is up 66.9% compared with the previous 30 day period (March 7 - April 5) and up 36.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in North York typically sold $89,670 (7.9%) above asking price over the last 30 days (April 6 - May 5), which represents a $18,715 increase compared to the previous 30 day period (March 7 - April 5) and $71,069 more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in North York over the last 30 days (April 6 - May 5) stood at 53.6%, down from 84.5% over the previous 30 days (March 7 - April 5) and down from 73.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 4-bathroom home in North York stood at 12 days when successfully sold over the last 30 days (April 6 - May 5), compared to 38 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Your Community Realty
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